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BAE awarded $28M Navy contract

NASHUA -- BAE Systems announced Tuesday that it has landed a $28 million contract to continue supplying rockets to the Navy.

According to a press release, BAE is tasked with producing 28 of its Systems Advanced Precision Kill Weapon System rockets.

The latest award increases the total full-rate production contract value to $69 million and extends production through 2014.

"With this additional Navy order, our Marines in combat will have continuous supply of APKWS units at their disposal, enhancing their ability to reliably and cost-effectively engage a variety of targets while minimizing collateral damage," said Joseph Tiano, APKWS program manager at BAE Systems, in a statement.

BAE officials say the APKWS rocket is one-third of the cost and one-third the weight of the existing inventory of laser-guided weapons.

More than 100 of the rockets have been fired in action in Afghanistan since the Marines first deployed the weapon last March, according to BAE.

British-based BAE employs about 5,000 people in Nashua, Hudson and Merrimack, N.H. It also has operations in Burlington and Lexington.

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